680: BITCOIN TO ‘GO NUTS’ IN NOVEMBER, PREDICTS ON-CHAIN ANALYST WILLY WOO - HERE’S WHY!!!!!
Widely followed on-chain analyst Willy Woo predicts Bitcoin will ‘go nuts’ in the coming months as long-term holders continue to accumulate the leading cryptocurrency (BTC).
“This is a macrocycle thing. You would have seen it at the 2015, 2014 bottom. You saw it at the 2019 bottom, and actually, you saw it over the 2020 where we came back down. There was the Covid crisis. There was Michael Saylor scooping up all the coins, and that was another peak of long-term holders accumulating. We’re moving into a peak, and we will be at the peak at current rates by next month.
That means peak accumulation. Peak accumulation means, that’s defining this kind of sideways band and then after that, we do a run-up.
The last run-up was $10,000 to $60,000 starting from October last year. The run-up before that was from $4,000 to $14,000 over a matter of months. So if October we start to peak… we’re starting to look into November onwards to go. That’s when the run-up happens. All the coins are being scooped up by these long-term guys… Just the structure of the market is like, “This thing is going to go nuts.'”
For complete show notes and for the full premium experience with video, visit our YouTube channel at http://CryptoNewsAlerts.net